InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200-Day Moving Average of $7,194.71

InterContinental Hotels Group PLC (LON:IHG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 7,194.71 ($88.87) and traded as high as GBX 8,112 ($100.20). InterContinental Hotels Group shares last traded at GBX 8,002 ($98.84), with a volume of 305,050 shares changing hands.

Analyst Ratings Changes

IHG has been the subject of a number of recent research reports. Citigroup restated a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd. JPMorgan Chase & Co. increased their target price on InterContinental Hotels Group from GBX 5,400 ($66.70) to GBX 6,100 ($75.35) and gave the stock an “underweight” rating in a report on Tuesday, February 27th. Berenberg Bank boosted their target price on InterContinental Hotels Group from GBX 6,000 ($74.11) to GBX 7,400 ($91.40) and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,400 ($79.05) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold” and an average price target of GBX 6,415 ($79.24).

InterContinental Hotels Group Stock Up 0.4 %

The firm’s 50 day simple moving average is GBX 8,148.08 and its 200 day simple moving average is GBX 7,200.32. The company has a market cap of £13.20 billion, a price-to-earnings ratio of 2,295.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 4th will be issued a $1.04 dividend. This is a positive change from InterContinental Hotels Group’s previous dividend of $0.48. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.04%. InterContinental Hotels Group’s payout ratio is 3,457.14%.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.